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Piyush Goyal asks property developers to cut prices to survive downturn

Unless you reduce your rates, you will be stuck with your inventory, Goyal said to developers.

Topics
Real estate sector in India | Realty sector | Lockdown

Raghavendra Kamath  |  Mumbai 



Piyush goyal
Goyal added that if developers feel that the government will finance them and they will hold longer for market to improve, market will not recover in a hurry. Photo: PTI

The Union Minister of Commerce & Industry in a webinar with real estate developers on Wednesday asked them to reduce prices and sell their inventory rather than wait for the market to bounce back.

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First Published: Wed, June 03 2020. 21:55 IST

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